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The Paulson Plan: The Greatest Swindle of Our Time
The American Thinker ^ | 10/8/08 | Lance Fairchok

Posted on 10/08/2008 5:36:06 AM PDT by St. Louis Conservative

America, we just got suckered. We fell for the biggest money grab in modern politics, possibly in the history of the nation. No wonder Nancy Pelosi is beaming and her familiars, Harry Reid and Chris Dodd, are giggling behind their hands; they now have piles of money and they succeeded in pegging the Republicans for a problem they manufactured and are getting away with Scot-free.

More importantly, they may have handed the election to Obama, and in so doing, they have set America up for the worst possible leader in a perilous time, not a bad day's work for our "progressive" socialist fifth column and the America-haters that pull its strings.

(Excerpt) Read more at americanthinker.com ...


TOPICS: Constitution/Conservatism; Crime/Corruption; Government; Philosophy
KEYWORDS:

1 posted on 10/08/2008 5:36:06 AM PDT by St. Louis Conservative
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To: St. Louis Conservative
Where is Old Hickory when we need him most?

“Gentlemen, I have had men watching you for a long time, and I am convinced that you have used the funds of the bank to speculate in the breadstuffs of the country. When you won, you divided the profits amongst you, and when you lost, you charged it to the bank. You tell me that if I take the deposits from the bank and annul its charter, I shall ruin ten thousand families. That may be true, gentlemen, but that is your sin! Should I let you go on, you will ruin fifty thousand families, and that would be my sin! You are a den of vipers and thieves. I intend to rout you out, and by the eternal God, I will rout you out.”

~~President Andrew Jackson

2 posted on 10/08/2008 5:37:56 AM PDT by Travis McGee (--- www.EnemiesForeignAndDomestic.com ---)
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To: St. Louis Conservative

http://www.freerepublic.com/focus/f-news/2099696/posts

‘Paulson’s new ‘Global Banking Corp.’ IPO 2009
Market Watch.com ^ | Oct 6, 2008 | PAUL B. FARRELL

Posted on Tuesday, October 07, 2008 10:13:53 AM by Grampa Dave

‘Paulson’s new ‘Global Banking Corp.’ IPO 2009

Forget Washington, forget Goldman: Our hero has global ambitions

By Paul B. Farrell, MarketWatch

Last update: 7:05 p.m. EDT Oct. 6, 2008Comments: 108ARROYO GRANDE, Calif. (MarketWatch) —

What if: Hank Paulson doesn’t return to Wall Street and Goldman Sachs?

Builds a global banking empire?

Competes head-on with Goldman, Morgan, and other domestic and foreign banks? What if the money comes from offshore, from Asia and the Gulf? He’s a red-hot brand!

http://www.freerepublic.com/focus/f-news/2099696/posts


3 posted on 10/08/2008 5:43:27 AM PDT by Grampa Dave ( I do not want to know the type of person, who does not like Sarah !)
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To: St. Louis Conservative
As long as we control the mediots, and so called conservatives, who suffer from BDS and blame Bush for everything, we elite/rich/white liberals in Congress will have no problem.


4 posted on 10/08/2008 5:46:01 AM PDT by Grampa Dave ( I do not want to know the type of person, who does not like Sarah !)
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To: Travis McGee

Astonishing quote-—the more things change, the more they remain the same.....can you provide me context for that quote?


5 posted on 10/08/2008 5:46:26 AM PDT by supremedoctrine
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To: St. Louis Conservative
Only time will tell, but conservatives better understand we are losing right now. We have not been the leaders we are supposed to be.

Get up, and take the truth to the streets!

6 posted on 10/08/2008 5:50:13 AM PDT by sirchtruth (Vote Conservative Repuplican!!)
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To: supremedoctrine

Bush, Pelosi, Barney Frank, Harry Reid, McCain, and Obama.

What a team.


7 posted on 10/08/2008 5:53:13 AM PDT by Swordfished
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To: St. Louis Conservative

The biggest reason that the dems are successful at pinning their failures on the republicans is because the spineless republicans won’t fight back. They make me sick. I’m voting for McCain, but I still say the party is dead.


8 posted on 10/08/2008 5:53:33 AM PDT by alicewonders (Sarah Palin is the face of America's future.)
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To: St. Louis Conservative

In the pre and post blame-game game, the one thing that isn’t talked about is that this bailout proposal came from a Republican president and his political appointee. If it’s a Democrat “swindle,” then it is also a Republican “swindle.” I don’t believe this whole, sad episode is so much a Dem-vs-GOP issue as it is an us-vs-government issue.


9 posted on 10/08/2008 5:54:44 AM PDT by Types_with_Fist (I'm on FReep so often that when I read an article at another site I scroll down for the comments.)
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To: alicewonders
The biggest reason that the dems are successful at pinning their failures on the republicans is because the spineless republicans won’t fight back. They make me sick.

Exactly. And I'm as sick as you.

10 posted on 10/08/2008 5:55:07 AM PDT by Aquinasfan (When you find "Sola Scriptura" in the Bible, let me know)
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To: Travis McGee

11 posted on 10/08/2008 5:57:23 AM PDT by murphE ("It is terrible to contemplate how few politicians are hanged." - GK Chesterton)
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To: St. Louis Conservative

Phil Gramm was right. A majority of Americans have become spineless infants waiting for the Big Government Teat. We will get the government we deserve.


12 posted on 10/08/2008 6:04:28 AM PDT by Dr. Thorne (Buy Gold and Guns Now!)
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To: sirchtruth
Get up, and take the truth to the streets!

Why? What truth - that Republicans are every bit as bad as liberals through their incompetence and "compassionate conservatism"? You want us to take that truth to the streets?

13 posted on 10/08/2008 6:07:21 AM PDT by SwankyC (Paris Hilton 08 - I'm voting for 2 small boobies instead of 2 huge boobs)
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To: alicewonders

Republican party has been second-rate Dems for years.
The Republican Party spends most of its effort promoting the Democrats and their agenda. That’s crazy! Sounds absolutely ludicrous. Rush Limbaugh’s reaction to my asserting th was “What! How can you say that?” Yes, it sounds crazy and it is true. Republicans in Congress (and others) effectively, if unwittingly, advance the Democrat’s leftist agenda. No matter who is in power, the federal government, its power and expenditures, continue to grow with little chance of reversal.

The Democrats propose a “generous” increase in the minimum wage. The Republicans either oppose an increase and opt for staying at the current level or counter with a more modest increase. The Democrats say that we need to increase the school lunch program by x million dollars. The Republicans answer by offering an increase of one third x. Democrats say that the government needs to spend a lot more subsidizing housing and Republicans say that the current level is adequate. Democrats say that more people should be made eligible and Republicans defend the status quo.

So the predictable dynamic is that the Democrats fight for an increase in spending for some government program and the Republicans either oppose any increase or counter with a proposal for more modest growth. What impression of the Republican Party does this give? What is the one principle that people are able to discern from Republicans’ policies as stated above? That the Republicans are cheap and uncaring. Some may manage to construe it as fiscal responsibility but what it comes down to is withholding funds from worthwhile programs. Thus ultimately withholding help from those who need it.

If the Republicans agree to spend two billion dollars on a program they are inherently saying that it is good and just and worthwhile. Why else would they agree to spend such a massive amount of money on it? If people who position themselves as fiscally responsible spend that kind of money, it has to be for something good. Something right. Something necessary. And here they cede the moral high ground to Democrats, liberals, leftists by validating their policies, programs and agenda. It’s Democrats who are fighting for all of these good and righteous schemes and the Republicans who are dragging their feet.

Every time Republicans say yes but not so much. They are saying that the Democrats are right and they, the Republicans, are cheap. The Democrats are looking out for the needy and the Republicans are looking out for the cheap and stingy. We are cheap! Hardly an inspiring philosophy. Hardly a winning strategy.

We all know that the best defense is a good offense. The GOP has turned that truism on its head. Their only offense is a pathetic defense. And no matter how good your defense if you have no offense you will eventually lose. It’s inevitable. After the 1994 elections swept the Republicans t control of Congress, many anticipated the extinction of a few federal agencies. Many even a department or two. Dare to dream. Then we were told that Rome was not built in a day so don’t expect it to be dismantled in a day. Well we are still waiting for those first few bricks to be knocked loose.

Sure the left has moved us to a gargantuan and ever-growing welfare state on step at a time, or make that one billion a time. That is the only way it could have happened. Anyone who one hundred years ago tried to propose what we have now would have been run out of town. Any American town. As per the above it may be impossible to move in the opposite direction by increments. When you propose to spend less than the left wants the only principle that you are standing on and promoting is cheapness. Not a very compelling platform. Rather a recipe for long term defeat.

Being second-rate Democrats has been a disaster. Even when Republicans win elections. Agreeing to spend a fortune on Democrat social programs and wealth transfer schemes only validates those schemes. And makes conservatives-or what passes for conservatives these days-look bad. So virtually everything the Republicans do validates Democrats and make themselves look bad. A guaranteed formula for disaster.

So what’s the alternative? How about taking a stand. How about acting on principle? A principle other than cheapness. Will it be easy? The question is what are your principles and what do you want to achieve. If you want to be liked by the establishment intelligentsia then you definitely need to keep up with leftists. Just keep in mind that you will have to go further and further year after year. They keep raising the bar, moving the goal line. What “moderates’ are advocating and supporting now would have been radical a few decades ago. Trying to keep up will always mean that you will always be second-rate and always fall short.

The only was to go, which makes it the easy way, is to stand on principle. Without compromise.


14 posted on 10/08/2008 6:33:39 AM PDT by all the best
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To: supremedoctrine

Before attacking the 2nd National Bank, the Fed of the day.


15 posted on 10/08/2008 6:33:49 AM PDT by Travis McGee (--- www.EnemiesForeignAndDomestic.com ---)
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To: SwankyC
You want us to take that truth to the streets?

Somtimes very few people inspire with words which are humble, wise, and encouraging. Anyone can say something which is not only idiotic, but foolish words of crappola.

Thanks for saying something!

16 posted on 10/08/2008 2:34:16 PM PDT by sirchtruth (Vote Conservative Repuplican!!)
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To: sirchtruth

I guess we’re in the same boat then, moron.


17 posted on 10/08/2008 2:39:14 PM PDT by SwankyC (Paris Hilton 08 - I'm voting for 2 small boobies instead of 2 huge boobs)
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